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Banks can be likened to be a kind of fuel in the car of any economy, so it's a very necessary establishment in any economy.
Governments cannot run smoothly without banks...
So I believe banks cannot just go into extinction
On the other hand, blockchain is still in it's early developmental stage and so -as many huge potentials and untapped markets and it will continue growing.
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The volatile nature of Cryptocurrency has made predicting with utmost certainty which way the price of Cryptocurrency will swing to at any point in time almost impossible.
So you could answer yesthat the market is stabilizing and all of a sudden the market tanks further.
So no one can say if the market is stabilizing or not.
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There is absolutely nothing we could do about it other than to display a positivity and hope for the best.
We should also exercise a lot of patience and shun the attitude of selling at loss which is the one of the reasons for continuous dumping in price.
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I could remember taking out time to explain to two of my friends what Cryptocurrency is and how it works.
How industries could improve the supply chain and their business relationship with clients etc.
I was mad to understand that I just wanted my time explaining to them as they would rather term is scam .
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Yes money laundering started with banks but you would agree with me that Bitcoin or rather the era of Cryptocurrency took it to an alarming level due to the anonymous structure of blockchain.
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For now Cryptocurrency can only be used in the crypto space by investors and traders pending when Cryptocurrency gets generally accepted as a payment medium.
Until then before one can be able to use it in purchi of goods and services.
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With the increasingly market downward trend in recent times, I think the best way to overcome the temptation ola!d the thought of loosing hope is been positive and having patience also perseverance.
We all know the market will recover just that we don't know when.
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You can read french language or Spanish language.
This two languages are also good ......it gives you the exposure you require to travel far and near and be able to commicate with your host country seamlessly.
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I will say that if you have more money , please and please buy Bitcoin and etheruem.
Just bag as much as you can afford now that the price is relatively very low.
Do not be like those who never bought btc in 2009 and we're agonizing later.
Life itself is a risk .
So grab this risk that is Bitcoin and etheruem now.
Don't miss out because of fear and some unfounded rumours.
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I believe if the government has such powers , Cryptocurrency would have gone into extinction already.
But government doesn't have such powers over Cryptocurrency and so it will be almost impossible for the government to crack down on Cryptocurrency.
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The current market downward trend is really frustrating , I'm not saying I have lost confidence in the crypto market although.
But this current situation came as a shock to many even those we think have over confidence in the market became really scared at a point.
Hopefully, the market recovers soon enough.
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In as much as I want to believe that bull run has started , I want to point out that crypto is unpredictable. And so no one can be able to say if it's bull run actually or the market is just playing pranks on us.
Well my expectations are high.
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I came across a research that put the total Cryptocurrencies in circulation to about 2000.
In as much that it's a good thing and indicates growth but my sentiment is that most of the Cryptocurrency seems to be solving same blockchain problem.
It is also becoming a challenge choosing from the Cryptocurrency.
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I think This happens because of the fall in the price of Cryptocurrencies in recent times....which is making investors scared that price might go even lower and then the keep selling for fear of loosing their remaining capital.
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One thing about holding is that it makes more sense when one is holding a coin that she/he so much believes in.
It helps in situations like this , you wouldn't be moved by the market current trend because you know market will recover and the coin will yield more profit then.
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To get Cryptocurrency generally accepted by the public, there's the need to have it promoted on some major social media platforms.
So I do believe that Facebook promotion of Cryptocurrency would give it to needed push for wide adoption.
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